Wanted: Social Entrepreneurs

Posted: Updated:

An Indianapolis-based organization is conducting a nationwide search for entrepreneurs who can help bring economic stability to an age-group that often "falls through the cracks." The Women's Fund of Central Indiana has launched a multi-million dollar initiative, which involves hiring three innovators to develop solutions for at-risk women between the ages of 18 and 24. Participants will receive a $90,000 annual salary and have their solution funded for 10 years. During an interview that will air this weekend on Inside INdiana Business Television, Executive Director Jennifer Pope Baker says the program is unlike anything else in the country. She believes this demographic is receiving so little attention, the only way to combat it is with a long-term, well-funded effort.

Pope tells Inside INdiana Business impoverished women at this age often struggle, because they have grown out of services that cover children and teens. She says most then do not accept assistance from adult-targeted programs available to them.

Pope says the entrepreneurs will be paid a previously "unheard of" sum in order to work collaboratively and individually in a creative and supportive environment.

Statements of intent are due in September, with final applications set to be turned in next spring. Pope hopes to have three leaders in place January of 2016.

Source: Inside INdiana Business